Wedbush Sticks to Their Buy Rating for ObsEva SA (OBSV)

In a report released today, Liana Moussatos from Wedbush reiterated a Buy rating on ObsEva SA (OBSVResearch Report), with a price target of $38.00. The company’s shares closed last Monday at $7.40, close to its 52-week low of $7.14.

According to TipRanks.com, Moussatos ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -16.2% and a 25.9% success rate. Moussatos covers the Healthcare sector, focusing on stocks such as BioMarin Pharmaceutical Inc., Aquestive Therapeutics Inc, and Allena Pharmaceuticals Inc.

ObsEva SA has an analyst consensus of Strong Buy, with a price target consensus of $30.40.

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Based on ObsEva SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $34.76 million. In comparison, last year the company had a GAAP net loss of $18.59 million.

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ObsEva SA engages in the development of therapeutic treatments for woman’s reproductive health and pregnancy. It offers biopharmaceutical drugs addressing conditions compromising pregnancy from conception to birth. The company was founded by Ernest Loumaye and André Chollet in November 2012 and is headquartered in Geneva, Switzerland.